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March 19, 2016

Question:How much is currency exchange fee/commission with FBS?

Answer:

FBS does not charge for exchanging/converting currency to another.

In this case, FBS will convert currencies without fees on the rate of current official exchange rate of the day.

Deposit in National currency

FBS offers trading accounts based in only USD and EUR though, you can deposit in your national currency which is other than USD and EUR.

As FBS does the conversion automatically in the system, you will see the converted amount in your trading account even if you deposit in other currencies.

Not the MT4 rate

FBS does offer tight spread in MT4 though, that doesn’t mean that the official exchange rate is also great.

When you want to exchange currencies with FBS, the rate that will be applied is the current official rate on the day.

Meaning that the conversion spread in this case would be much wider than the ones in MT4.

This is a common thing among other brokers.

The rate is updated daily

You can confirm with FBS regarding the current conversion rate as FBS updates the rate every date just like normal banks.

You may want to know that before making a deposit in other currencies.

Contact FBS support team today to find out the current rate.

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